Intermin Resources Limited: Intermin and MacPhersons Merger Presentation

Perth, Australia - Intermin Resources Ltd. (ASX:IRC) Intermin and MacPhersons Merger Presentation

Transaction summary

Consideration

- MacPhersons shareholders to receive 1 Intermin share for every 1.8227 MacPhersons shares held

- Following completion, Intermin and MacPhersons shareholders will hold 55% and 45% of Horizon

Structure

- Merger to be implemented via a Scheme of Arrangement (subject to MacPhersons shareholder and Court approval)

- Intermin to be renamed Horizon Minerals following completion (subject to Intermin shareholder approval)

Recommendation

- Transaction has unanimous support from the Boards of both Intermin and MacPhersons

- MacPhersons Directors intend to vote in favour of the Scheme in the absence of a superior proposal and subject to a favourable opinion from the Independent Expert

Offer Conditions

- Receipt of all regulatory, shareholder and other approvals, including ASX and ASIC approvals

- Approval of the Scheme of Arrangement by MacPhersons shareholders and by the Court

- Independent expert concluding that the Scheme is in the best interests of MacPhersons shareholders and not withdrawing or adversely modifying that conclusion

- Other customary conditions precedent, including the absence of a material adverse change, no material transactions, no prescribed occurrence occurring, accuracy or representations and warranties, obtaining third party consents and / or waivers

Indicative Timetable

- Release of Scheme Booklet to ASX Mid-April 2019

- Scheme Meeting: Mid-May 2019

- Implementation: Early June 2019

To view the presentation, please visit:
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About Intermin Resources Limited:

Intermin Resources Ltd. (ASX:IRC) is a gold exploration and mining company focussed on the Kalgoorlie and Menzies areas of Western Australia which are host to some of Australia's richest gold deposits. The Company is developing a mining pipeline of projects to generate cash and self-fund aggressive exploration, mine developments and further acquisitions. The Teal gold mine has been recently completed.

Intermin is aiming to significantly grow its JORC-Compliant Mineral Resources, complete definitive feasibility studies on core high grade open cut and underground projects and build a sustainable development pipeline.

Intermin has a number of joint ventures in place across multiple commodities and regions of Australia providing exposure to Vanadium, Copper, PGE's, Gold and Nickel/Cobalt. Our quality joint venture partners are earning in to our project areas by spending over $20 million over 5 years enabling focus on the gold business while maintaining upside leverage.

Source:

Intermin Resources Ltd.

Contact:

Jon Price Managing Director Tel: +61-8-9386-9534 E: jon.price@intermin.com.au Michael Vaughan Media Relations - Fivemark Partners Tel: +61-422-602-720 E: michael.vaughan@fivemark.com.au